EU Ministers back 5-bn-euro loan to Ukraine

by IANS |

Prague, Sep 10 (IANS) Finance and economy ministers of the European Union (EU) member states have agreed to support the swift adoption of additional financial assistance to Ukraine to the tune of 5 billion euros.

"The new loan of 5 billion euros will be used for the day-to-day running of the state and to ensure the operation of the country's critical infrastructure, such as offices, schools and hospitals," Czech Finance Minister Zbynek Stanjura said in a statement on Friday after the first day of an informal meeting of the member states' ministers and central bank governors.

Stanjura added that he would also push for "a swift agreement on the provision of the remaining 3 billion euros".

The EU has pledged 9 billion euros in assistance for Ukraine.

In early August, Ukraine received 1 billion euros of the aid package in two tranches.

Besides the loan package, the participants of the meeting also discussed here ways to protect citizens from high energy prices.

"The current situation on energy markets requires an immediate EU-wide solution," Stanjura was quoted as saying in the statement.

"Personally, I consider it reasonable to cap prices at European level for electricity from sources other than gas, which generates huge profits -- and also to separate electricity prices from gas prices," he said.

The Czech Minister further said that his country is aiming to present a new set of measures next week, which it expects would work alongside any EU-level solution to be agreed by the member states.

Latest News
Karnataka Congress stages empty pot protest in Bengaluru against Centre Sat, Apr 20, 2024, 04:27 PM
Iranian foreign minister in New York: Ease Middle East tensions Sat, Apr 20, 2024, 04:26 PM
HK, Singapore food regulators red flag 'cancer-causing' ingredient in certain MDH, Everest spices Sat, Apr 20, 2024, 04:13 PM
Gujarat contributes over 8.3% to national GDP: FM Sitharaman Sat, Apr 20, 2024, 04:12 PM
Turkey's President Erdogan to meet Hamas chief in Istanbul Sat, Apr 20, 2024, 04:11 PM
HDFC Bank posts Rs 16,511 crore net profit in Q4, declares dividend of Rs 19.5 per share Sat, Apr 20, 2024, 04:03 PM
Constituency watch: Massive MPLAD spending by MP keeps BJP ahead in Bankura Sat, Apr 20, 2024, 03:58 PM
Iraq: One dead, 8 injured in blast at pro-Iran militia's facility Sat, Apr 20, 2024, 03:47 PM
Reunited with family, 95-yr-old great grandma from Bihar seeks to cast vote Sat, Apr 20, 2024, 03:45 PM
Delhi court reserves order on Sisodia's regular bail pleas; he withdraws interim plea to campaign for LS polls Sat, Apr 20, 2024, 03:18 PM
Viksit Bharat Ambassador meet-up: India will be among world's top 3 economies by 2027-28, says Hardeep Singh Puri Sat, Apr 20, 2024, 03:16 PM
Man reported dead after self immolation near court during ex-US Prez Trump's trial Sat, Apr 20, 2024, 03:15 PM
Formula 1: Verstappen on pole for Chinese Grand Prix, Hamilton to start at 18th position Sat, Apr 20, 2024, 03:14 PM
Athletics: US quartet breaks distance medley relay world record in Eugene Sat, Apr 20, 2024, 03:13 PM
Golf: Field announced for 2024 China Open as DP World Tour returns to Shenzhen Sat, Apr 20, 2024, 02:03 PM